ROADSHOW ON FINANCING THE FUTURE OF MARITIME INDIA

The Shipping Corporation of India (SCI), in association with the Ministry of Ports, Shipping & Waterways (MoPSW), today hosted a roadshow on “Financing the Future of Maritime India” at its Head Office in Mumbai. The event was a precursor to India Maritime Week (IMW) 2025, to be held from 27-31 October 2025 at the NESCO Exhibition Centre, Mumbai.

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The roadshow was graced by Shri Shyam Jagannathan, IAS, Director General of Shipping, as Chief Guest, and Mr. Arun Sharma, Executive Chairman, Indian Register of Shipping, as Guest of Honour, along with Capt. Binesh Kumar Tyagi, CMD, SCI, Mrs. J. P. Irene Cynthia, IAS, MD, Kamarajar Port Limited, Mr. Jose V. J., Director (Finance), Cochin Shipyard Limited, and senior dignitaries from the maritime and finance ecosystem. Over 200 delegates representing government, financial institutions, industry, and ports participated in the roadshow.

During the welcome address, Capt. Binesh Kumar Tyagi, Chairman and Managing Director of Shipping Corporation of India, welcomed the dignitaries and highlighted the Hon’ble Prime Minister’s vision guiding India’s maritime industry: whether it is a chip or a ship, it must be Made in Bharat. He emphasized that the sector is embracing next-generation reforms, with major ports being freed from cumbersome paperwork and procedural hurdles. Capt. Tyagi also highlighted the focus of Navic Cell 7 on financial matters and mentioned significant initiatives in this regard, including the setting up of Maritime Development Fund (MDF). Capt. Tyagi also mentioned that Ministry of Ports, Shipping and Waterways (MoPSW), Government of India has announced various initiatives, such as infrastructure status for large ships, and Shipbuilding Financial Assistance Policy (SBFAP) 2.0 to provide the momentum needed for extraordinary growth, urging stakeholders to fully leverage these opportunities to realize the vision of Viksit Bharat.